Theva produces high-temperature superconductors (HTS) and its Pro-Line superconductor wire designed to replace conventional copper conductors in high-performance applications. Theva's products enable loss-free transmission of extremely high electric current and open new design possibilities for manufacturers of cables, power switches, large electric drives and power rails. The company intends to use the new funding to increase its market penetration. Theva is led by CEO Dr. Werner Prusseit and was founded in 1996. The company has around 50 employees. The article does not disclose revenues or other operating metrics. Theva Dünnschichttechnik develops 2nd-generation high-temperature superconducting (2G HTS) tape using a proprietary, patented process technology. Its core products are 2G HTS tapes intended for electricity transmission, generators and other electrical systems. The company highlights that 2G HTS tape can conduct roughly 200 times more electrical current than copper of the same dimensions, enabling potential savings for grid expansion and improved power generation efficiency. Theva plans to use new funding to develop its production lines for 2G HTS tape aimed at electrical power engineering applications. Led by CEO Dr. Werner Prusseit, the company emphasizes environmentally friendly electrical transmission as a benefit of its technology. Theva was founded in 1996 and maintains sales representatives in Asia and the US.

Total raised

$8M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2017